Friday, April 13, 2007

The Russell pushed higher this morning attempting to establish new highs from yesterday. However, after a brief rally, the market quickly reversed and sought yesterday's low before retracing. This was a textbook perfect momentum trading morning.First trade of the morning was a short at 6:42 a.m. at 819.20 for +2.1. Second trade of the morning was a long at 7:21 at 816.80 for +1.9.